Wells Fargo & Co said on Tuesday that it had launched an independent investigation into the firmâ€™s retail banking sales practices.
Wells Fargo, the United Statesâ€™ third-largest bank by assets, agreed to pay $190 million earlier this month to settle regulatory charges that some of its employees opened as many as 2 million accounts without customersâ€™ knowledge, in order to meet sales targets.
Wells Fargo's board of directors is leaning toward clawing back stock-based compensation from Wells Fargo CEO John Stumpf and Carrie Tolstedt, the firm's former head of community banking, according to The Wall Street Journal's Emily...
If banking villain du jour Carrie Toldstedt thought she had managed to sneak away quietly into the night, with her recently topped off bank accounts intact before Wells Fargo's biggest consumer fraud scandal in years became front pa...
The company's retail banking executive will also forfeit $19 million of her stock awards
Bank says CEO John Stumpf and the executive who ran the consumer banking division will forfeit huge bonuses as it tries to stem a scandal over its sales practices